430 SW 47th Terrace Cape Coral, FL 33914
Approved plans for mixed-use workforce housing and commercial space.
Type:Land, Mixed Use
Property size:
8,300 SFPrice / SF:
$138/SF- Added:
- Jul 7, 2024
- Days on Market:
- 667
- Last Refresh:
- Mar 17 at 1:26 pm
Property Features for 430 SW 47th Terrace
General Information
- Standard status
- Active
- Size
- 8,300 SF
- Property subtype
- Land, Mixed Use
Listing agent Kyle Doyon License #BK3586353
Listing office Coast Life Companies
Listing date Jul 7, 2024
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Coast Life Companies
Overview
Entitled Land Mixed-Use Development
This entitled land features approved plans for a mixed-use development with workforce housing and commercial space. The property is zoned CP, which allows for a range of uses. The development includes 39 workforce housing units and 8,300 square feet of commercial space, creating a live-work environment. The workforce housing units are designed with modern, efficient layouts. The commercial space is positioned to accommodate various business uses under CP zoning, providing flexibility and income potential through long-term leases. Located in the South Cape Coral area, the parcel offers access to public transportation, major highways, schools, parks, restaurants, and healthcare facilities. The property is deed-restricted under the Live Local Bill, requiring 40% of the units to be rented to individuals earning less than 120% of the Area Median Income (AMI). As of April 2024, the AMI in Cape Coral is $88,800. This property is suited for developers or entrepreneurs looking to capitalize on the demand for affordable housing and commercial opportunities. The commercial space provides opportunities for long-term leases and revenue streams.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Cape Coral
- County
- Lee
- State
- Florida
- Longitude
- -81.984394
- Latitude
- 26.5634696
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Approved plans for mixed-use workforce housing and commercial space.
Where is this commercial land located?
The property is located at 430 SW 47th Terrace Cape Coral, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Entitled land with approved plans for mixed‑use development: **39 workforce housing units and 8,300 sq. ft. of commercial space.**; Located in the high‑demand South Cape Coral area with convenient access to amenities, transportation, and major highways.; Strong income potential from both residential rentals and commercial leases.
